Commercial Debt Collection Agency Tips

As a leading commercial debt collection agency, C2C Resources released a tip sheet of the top four reasons to partner with a licensed agency.

Atlanta, GA – September 09 – C2C Resources, an expert in licensed commercial debt collection and a member of the International Association of Commercial Collectors Inc. (IACC), released a tip sheet today of the top four reasons to partner with a licensed agency.

With over 20 states requiring commercial collection agencies to be licensed to do business in their state, C2C Resources is also fully licensed in every state where they do business.

“We hold our agency to high standards, exceeding the requirements of state licensing, because we value our customers and the struggle they are going through with delinquent payers,” explained Todd Tinkler, President of C2C Resources. “It is a shame that so many businesses are operating illegally. We always advise companies who inquire about our services to ask about licensing when researching who they want to partner with. We know we don’t have anything to worry about!”

The following are the top four reasons to partner only with a licensed commercial collection agency:

1. Licensing is the law.
2. Licensing protects the business’s money through required trust accounts and bonds.
3. Licensing protects the business from a possible lawsuit.
4. Licensing maximizes recovery. If the debtor finds out that the agency is unlicensed, he or she could threaten to report it. In some states, regulators will require the agency to give the collected money back if reported.

If the company is located in one of the following states, the agency must be licensed to handle your business: Alaska, Arizona, Delaware, Florida, Idaho, Illinois, Minnesota, Nebraska, Nevada, New Jersey, New York (City of Buffalo), North Dakota, Oregon, Tennessee, Utah, Washington and West Virginia.

If the delinquent customer is located in one of the following states, the agency must be licensed: Arizona, Arkansas, Delaware, Idaho, Illinois, Minnesota, New Jersey, New York (City of Buffalo), North Carolina, North Dakota, Oregon, Utah and Washington.

For a PDF version of the tip sheet, visit: http://www.c2cresources.com/site/License.pdf. The above is not intended to serve as legal advice.

About C2C Resources:
C2C Resources is a global Commercial Debt Collection agency headquartered in Atlanta, Georgia. The company collects commercial debt on behalf of their over 20,000 clients and is considered one of the top agencies in the country. The executive team at C2C brings more than 60 years of experience helping businesses collect their accounts receivable.

C2Cs powerful combination of Profit Maximizer, InfoMax Collection System, and Legal Forwarding Edge, can help your company be more effective with your own in-house collecting and maximize recovery of accounts turned over for collection.